Wheat in Italy | The Observatory of Economic Complexity

About

Exports In 2022, Italy exported $216M in Wheat, making it the 25th largest exporter of Wheat in the world. At the same year, Wheat was the 410th most exported product in Italy. The main destination of Wheat exports from Italy are: Algeria ($104M), Tunisia ($83.1M), France ($6.61M), Germany ($6.42M), and Greece ($3.3M).

The fastest growing export markets for Wheat of Italy between 2021 and 2022 were Algeria ($98.6M), Tunisia ($50.2M), and Denmark ($549k).

Imports In 2022, Italy imported $2.57B in Wheat, becoming the 7th largest importer of Wheat in the world. At the same year, Wheat was the 45th most imported product in Italy. Italy imports Wheat primarily from: France ($489M), Canada ($403M), Hungary ($300M), Austria ($169M), and Greece ($143M).

The fastest growing import markets in Wheat for Italy between 2021 and 2022 were France ($179M), Canada ($51.5M), and Romania ($48.8M).

COMPANIES In 2023, leading companies such as Red Bull (9) and IKEA Group (2) were at the forefront of shipping Wheat from Italy to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Italy's Wheat exports accounted up to €15.9M and imports accounted up to €225M, resulting in a negative trade balance of €209M. Between March 2023 and March 2024 the exports of Italy's Wheat have increased by €10.5M (194%) from €5.4M to €15.9M, while imports decreased by €-53M (-19%) from €278M to €225M.

Destinations In March 2024, Wheat were exported mostly to Tunisia (€11.7M), Libya (€2.11M), Greece (€791k), Albania (€606k), and France (€276k), and were imported mostly from Hungary (€42.1M), Canada (€29.2M), Austria (€19.6M), Ukraine (€19.1M), and Turkey (€18.5M).

Growth In March 2024, the increase in Wheat's year-by-year exports was explained primarily by an increase in exports to Germany (€316k or 64.9%), Switzerland (€236k or 145%), and France (€184 or 0.041%). In March 2024, the decrease in Wheat's year-by-year imports was explained primarily by a decrease in imports from Kazakhstan (€-9.09M or -63.6%), United States (€-8.06M or -39.1%), and Greece (€-7.65M or -48.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)€10.5M(194%)

IMPORT GROWTH (March 2023 - March 2024)€-53M(-19%)

MAIN DESTINATION (March 2024)Tunisia€11.7M

This section shows Wheat's exports and imports data at subnational level for Italy. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Wheat over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$216M

IMPORTS (2022)$2.57B

NET TRADE (2022)-$2.36B

In 2022, Italy exported $216M in Wheat. The main destinations of Italy exports on Wheat were Algeria ($104M), Tunisia ($83.1M), France ($6.61M), Germany ($6.42M), and Greece ($3.3M).

In 2022, Italy imported $2.57B in Wheat, mainly from France ($489M), Canada ($403M), Hungary ($300M), Austria ($169M), and Greece ($143M).

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